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What is its approximate internal rate of return

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Question - Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $172,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $34,174. Click here to view PV table.

Required - What is its approximate internal rate of return?

Reference no: EM131599044

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